Principle Wealth Partners LLC Reduces Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Principle Wealth Partners LLC cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 29.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,400 shares of the company’s stock after selling 2,305 shares during the period. Principle Wealth Partners LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in RDVY. International Assets Investment Management LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after buying an additional 6,687,924 shares in the last quarter. LPL Financial LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after buying an additional 953,708 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after buying an additional 650,194 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after purchasing an additional 596,099 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock worth $75,007,000 after purchasing an additional 406,747 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY opened at $62.43 on Wednesday. The firm has a 50 day simple moving average of $61.27 and a 200-day simple moving average of $59.86. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.24 and a 1-year high of $64.63. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Profile

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.